News

Annual Meeting of the DVPW working group decision theory, 2018

Presenting recent work toward the behavioral consequences of self-reported risk attitudes on experimentally measured risk behavior and how this relationship is moderated by gender (“Risk attitudes, gender, and risk behavior: Evidence from two laboratory experiments”) at the annual meeting of the DVPW working group decision theory (AK Handlungs- und Entscheidungstheory) in Oldenburg/Germany from 31. May to 1. June 2018.

Publication JPART March 2018

Are future bureaucrats more risk averse? The effect of studying public administration and PSM on risk preferences (with Markus Tepe)

Abstract:

This study tests the effect of studying public administration and self-reported Public Service Motivation (PSM) on risk preferences. We conduct a compound lottery choice experiment with monetary rewards to measure risk behavior and a post-experiment survey to measure risk attitudes and PSM on three student subject pools. Empirical findings suggest that: First, students of public administration consider themselves more risk averse, but they do not behave more risk averse in the compound lottery choice experiment than business sciences and law students. Second, self-reported PSM is positively associated with risk-averse behavior in the compound lottery choice experiment. Thus, contrary to the popular stereotypical description of bureaucratic behavior, there are no substantive differences in risk behavior among future bureaucrats compared to other student groups.